Updated about 8 years ago on . Most recent reply
Short Term Rental Resources Needed
Hi, I'm totally new to the game, but would like to learn more about buying an investment property to be used as a short term rental. Does anyone know some good resources for learning that niche? This would not be in what is considered a vacation hot spot, probably more geared to a business traveler.
One specific question I have is how to research the city codes to make sure I'd be in compliance. I'm thinking about along the 400N corridor, Sandy Springs/Roswell/Alpharetta area. Does anyone have info on these areas specifically?
Thanks in advance.
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#5 Short-Term & Vacation Rental Discussions Contributor
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- The worst town to live in, KS
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#5 Short-Term & Vacation Rental Discussions Contributor
- Investor
- The worst town to live in, KS
Buy bank foreclosure houses in a small town with a large industry.
In my situation, this town has a population of 9000. There is a 115,000 barrel per day refinery and associated fertilizer plant here. I buy bank foreclosures, go to estate auctions to buy furniture/appliances, stock the house, and then rent them out to the people that come here from far away to work short term jobs. It helps that I do the pre employment drug screens before they can get in the plant. 22 houses, 82 beds, 60 televisions, 40 bathrooms. 6 months of rent pays for a house, 1 month of rent pays for furniture/appliances. It can take 7-12 months to get 6 months of rent.